NETFLIX FACING NEW FINANCIAL STORMS

Netflix shares, which have surged 40 percent over the past two months, thanks in large measure to Carl Icahn’s decision to buy just under 10 percent of its shares with the intention of pressing for a sale to a media conglomerate, fell 7 percent on Monday, largely due to a report saying that Redbox is […]

AL-JAZEERA MEETS WITH COMCAST

Following much critical praise for al-Jazeera English’s coverage of the recent political upheaval in Tunisia, Egypt and Libya, three representatives of the Qatar-based news network met in Philadelphia last week with Comcast representatives in hopes of persuading the U.S.’s largest cable operator to give it an outlet on its systems. With few exceptions (it can […]

TIVO REWINDS INTO A BIG LOSS

TiVo, the company whose name was once synonymous with digital video recorders, reported on Tuesday that it lost 223,000 subscribers in its last quarter, the second-worst quarter for subscriber losses that it has ever experienced. The company reported a loss of $34.4 million during the quarter versus a loss of $9.9 million for the comparable […]